Valeo to cut 1,000 jobs across Europe amid automotive sector challenges – report

French supplier Valeo announces job cuts, including 800 in France, due to reduced sales forecast and increased competition, impacting the European car industry.

Valeo is set to eliminate approximately 1,000 jobs across Europe, with significant impacts in France where about 800 workers will be affected, according to a report published by Reuters on Nov. 27. This move includes the closure of two Valeo sites within France.